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Jun 19, 2013
06/13
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but chairman bernanke made it clear the fed could change its plans if the economy suffers any setbacks. home buyers might not like today's fed news, but for savers that suffered with low rates the last couple years, it could come as welcome relief. chris? >> thank you, peter. >>> there was plenty for the tea party to be mad at today. more than a thousand tea partiers gathered outside washington. a republican senator said the irs is set to pay $70 million in bonuses in defiance of a presidential order. mike emanuel tells us some people want to turn the tables on the tax man. >> reporter: on the west lawn of the capitol, more than a thousand tea party supporters and allies in congress called for the irs to be audited after conservative groups seeking tax exempt status received extra scrutiny. >> for targets of the irs, time to reverse it and target the irs. we're going to do it by dismantling the irs piece by piece. we are going to throw it overboard like a box of british tea. >> reporter: lois lerner, the irs official on paid leave after refusing to resign took heat for her role in targ
but chairman bernanke made it clear the fed could change its plans if the economy suffers any setbacks. home buyers might not like today's fed news, but for savers that suffered with low rates the last couple years, it could come as welcome relief. chris? >> thank you, peter. >>> there was plenty for the tea party to be mad at today. more than a thousand tea partiers gathered outside washington. a republican senator said the irs is set to pay $70 million in bonuses in defiance of...
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Jun 21, 2013
06/13
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what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it and the market flips out. there is not enough assurance in a jobless recovery to calm the pessimism that still remains years into it. >> chris: there is another factor here as well and, charles, why don't you add this to it. there is also concerns about slower growth and tightening of credit inside of china which has been a huge engine of economic growth. one of the few places with big growth around the world. >> that is true. but that's been happening over a period of weeks. i think the fact that you had the sell-off for a couple of days right after the be
what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it...
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Jun 20, 2013
06/13
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if bernanke is talking about easing off the stimulus even a little bit, d ton that mean the economy is improving? isn't there some good news here? >> it's true. it does mean that. but if you look around the funds are better but they're not that strong. we got some jobs numbers today that were pretty good, some housing numbers, existing home sales that were good. but the problem is that as he gets out, people sell bonds, interest rates go up, that will hurt the housing market because that's been one of the main things that has helped housing rebound is this this idea you could borrow money really cheap. rates going up as he exits is going to hurt the recovery we're seeing. >> obviously people took a real hit in their 401(k)s in the last two days. how big a drop could we see in stock prices? >> boy, i wish i knew that answer. i would bet my whole life savings. a lot of people think we're going to see another leg down or a few legs down from here as we see this market sort out and try and find its footing. the problem is that traders have been trading based on liquidity, the amount of mon
if bernanke is talking about easing off the stimulus even a little bit, d ton that mean the economy is improving? isn't there some good news here? >> it's true. it does mean that. but if you look around the funds are better but they're not that strong. we got some jobs numbers today that were pretty good, some housing numbers, existing home sales that were good. but the problem is that as he gets out, people sell bonds, interest rates go up, that will hurt the housing market because...
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Jun 17, 2013
06/13
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he said he wants better relations for the world and relief for the economy. the main reason for iran's isolation is nuclear defiancdef. he says the centrifuges will keep spinning. there's a willingness to be flexible, but not clear where he will give. >> of course, the nuclear programs are totally transparent in nature, but we are ready to show more transparency and show the world that iran's nuclear work complies fully with international framework. >> reporter: he knows the nuclear program, he was their nuclear negotiator 2003 to 2005. >> he is a regime insider, he is not going to make easy concessions. he was viewed as a tough negotiator when he headed their negotiating team. only after he left that the europeans realized how good they had it with him as negotiator, at least he was ready to make some compromises. >> reporter: during his term as negotiator, iran voluntarily suspended the enrichment program. he says he won't do that again. today nobody would expect an iranian leader to suspend that country's enrichment program with 14,000 centrifuges. experts
he said he wants better relations for the world and relief for the economy. the main reason for iran's isolation is nuclear defiancdef. he says the centrifuges will keep spinning. there's a willingness to be flexible, but not clear where he will give. >> of course, the nuclear programs are totally transparent in nature, but we are ready to show more transparency and show the world that iran's nuclear work complies fully with international framework. >> reporter: he knows the nuclear...
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Jun 18, 2013
06/13
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eight immigration bill would cut federal deficit over the long time, provide an overall boost to the economy. the white house is talking about the forecast of $197 billion in savings over ten years, 700 billion the following ten. in the house, saying john boehner should be removed. mike emanuel shows us not all the ideas are popular with a lot of people. >> reporter: emotional disruption as the house judiciary committee took up a plan authorizing state and local police to enforce immigration laws. it is the most contentious of four stand-alone immigration bills in the house. >> we trust them to enforce laws ranging from capital murder to shoplifting. and everything in between. surely we can trust them to enforce immigration laws. >> reporter: critics say it would lead to racial profiling, unconstitutional arrests. >> this bill were to become law, we would expect as we saw eight years ago millions of american citizens taking to the street to demonstrate, to protect members of their family, members of their community from the wrong things that the bill would encourage. >> reporter: they crackd
eight immigration bill would cut federal deficit over the long time, provide an overall boost to the economy. the white house is talking about the forecast of $197 billion in savings over ten years, 700 billion the following ten. in the house, saying john boehner should be removed. mike emanuel shows us not all the ideas are popular with a lot of people. >> reporter: emotional disruption as the house judiciary committee took up a plan authorizing state and local police to enforce...